Vz.ae Reviews

Based on looking at the website, Vz.ae Virtuzone appears to be a highly reputable and comprehensive service provider specializing in business setup in Dubai and across the UAE. Their platform offers an end-to-end suite of corporate services, aiming to simplify the often-complex process of company formation, visa acquisition, bank account opening, and ongoing compliance for entrepreneurs and established businesses alike. This service is a valuable resource for those looking to ethically and legally establish a presence in the UAE market, focusing on facilitating legitimate business operations, which aligns with Islamic principles of fostering honest trade and economic development.

Vz.ae presents itself as a seasoned expert in the field, having assisted over 80,000 entrepreneurs since 2009. They emphasize transparency, efficiency, and cost-effectiveness in their processes, guiding clients through critical decisions like choosing between free zone and mainland setups, securing appropriate licenses, and managing documentation.

For any Muslim entrepreneur or business owner seeking to expand or establish operations in a new, thriving market like the UAE, Vz.ae offers a structured and supported pathway that emphasizes clarity and adherence to local regulations.

Their services steer clear of any activities that are impermissible in Islam, instead focusing on facilitating conventional business activities that can contribute to a robust and halal economy, provided the underlying business activities themselves are permissible.

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IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Vz.ae Review & First Look: Navigating Business Setup in the UAE

Based on a thorough review of their website, Virtuzone Vz.ae presents itself as a formidable ally for anyone looking to establish or expand a business in the UAE.

They offer a holistic approach to company formation, moving beyond mere registration to provide extensive support for the entire business lifecycle.

This comprehensive suite of services is a critical advantage, especially for international entrepreneurs unfamiliar with the nuances of UAE regulations.

Comprehensive Service Offering

Virtuzone isn’t just about getting a license. they cover the entire spectrum of business needs. Their services include:

• Company Formation: Guiding clients through the intricacies of choosing the right jurisdiction free zone vs. mainland, license type, and legal structure.
• Corporate Tax & VAT Compliance: Expert advice to ensure businesses meet their obligations with the Federal Tax Authority FTA, which is crucial given the recent introduction of corporate tax in the UAE.
• Bank Account Opening: Facilitating the often-challenging process of opening business and personal bank accounts with trusted UAE banks. This is a significant pain point for many new businesses, and Virtuzone’s assistance can be invaluable.
• Accounting & Payroll: Offering managed financial services, including bookkeeping, reconciliation, payroll, and audit support, which can help businesses save on hiring dedicated internal staff.
• Compliance Services: Navigating complex UAE regulatory requirements and Ultimate Beneficial Owner UBO filings, ensuring businesses remain compliant.
• Golden Visa & PRO Services: Assisting with long-term residency visas and delegating administrative tasks to their Public Relations Officer PRO team, freeing up entrepreneurs to focus on core business activities.
• Legal Services: Providing advice on M&As, corporate restructuring, financing, and dispute resolution, offering a full legal support framework.

User Experience and Accessibility

The Vz.ae website is well-structured and user-friendly, providing clear information and easy navigation. Key features include: Sharperuniforms.com Reviews

• Cost Calculator: A standout tool that allows potential clients to estimate business setup costs based on activity, jurisdiction, and visa requirements. This transparency is highly beneficial and helps manage expectations from the outset.
• Informative Blog: A regularly updated blog section with articles on UAE company formation insights, legal changes like Corporate Tax Registration, and specific visa programs e.g., Dubai Gaming Visa, Blue Visa. This demonstrates their commitment to being a resource and thought leader in the space.
• FAQs Section: A robust FAQ section addresses common queries regarding business setup, legal structures, visa processes, and more, providing immediate answers to prospective clients.

Vz.ae Pros

Extensive Experience and Track Record

Since 2009, Virtuzone has helped over 80,000 business owners. This isn’t just a number.

• Proven Process: Their “time-tested process” for business setup is designed to save time and money, eliminating common headaches associated with new ventures in a foreign country.
• Deep Networks: Virtuzone highlights its strong relationships with government departments, agencies, banks, and insurance companies, which can significantly expedite processes and resolve potential roadblocks. This insider knowledge and network are invaluable.
• High Customer Satisfaction: The claim of “80,000+ happy customers” suggests a strong reputation for delivering on their promises and providing effective solutions. This indicates reliability and trustworthiness, crucial factors when choosing a business partner.

Comprehensive End-to-End Solutions

One of Virtuzone’s most significant strengths is its holistic approach. They don’t just facilitate company registration.

They offer a full spectrum of services that cover nearly every aspect of establishing and maintaining a business.

• Beyond Registration: Unlike basic PRO services, Virtuzone provides strategic advice on jurisdiction choice, license types, and long-term compliance, ensuring businesses are set up for sustainable success.
• Integrated Support: Services like corporate tax and VAT advice, bank account opening, accounting, payroll, and legal support mean that entrepreneurs can rely on a single provider for multiple critical functions. This streamlines operations and reduces the complexity of managing various vendors.
• Visa and Residency Assistance: The ability to assist with Golden Visas and general employment visas is a major advantage for international clients, simplifying the process of relocating and hiring staff.

Transparency and Cost-Effectiveness

Virtuzone aims to make the often opaque process of business setup more transparent and affordable.

• Cost Calculator: The online cost calculator is a prime example of their commitment to transparency, allowing potential clients to get an immediate estimate of costs, which is rare in this industry.
• Time and Money Savings: By handling complex paperwork, liaising with authorities, and leveraging their expertise, Virtuzone asserts that they save entrepreneurs significant time and money compared to attempting the process independently. This is a crucial value proposition, particularly for startups with limited resources.
• Avoidance of Pitfalls: Their expertise helps businesses avoid common mistakes and navigate complex requirements, preventing costly delays or penalties. This proactive guidance ensures a smoother, more efficient setup process.

Vz.ae Alternatives: Ethical Business Support

While Vz.ae offers a comprehensive suite of services for business setup in the UAE, it’s always prudent to explore alternatives that uphold ethical business practices and align with sound financial principles. For Muslim entrepreneurs, prioritizing services that avoid riba interest and other impermissible elements is paramount. Autolines.com.au Reviews

Local Business Setup Consultancies

Many smaller, specialized consultancies operate within the UAE, often focusing on specific free zones or business types.

• Pros: Can offer more personalized attention, potentially deeper expertise in niche areas, and sometimes more flexible pricing models. They may also have established relationships with specific government departments or free zones.
• Cons: Might not offer the same breadth of services as Virtuzone e.g., accounting, legal, long-term compliance and may require more coordination with multiple providers. Their network might not be as extensive.
• Consideration: Research their client testimonials and verify their track record. Look for consultancies that explicitly mention adherence to ethical financial practices, even if they don’t use Islamic terminology.

Direct Government Portals and Free Zone Authorities

The UAE government and various free zone authorities have made significant strides in digitalizing their services, allowing businesses to apply directly for licenses and permits.

• Pros: Potentially the most cost-effective option as it cuts out intermediary fees. Offers direct interaction with the regulatory bodies, providing a sense of control over the process.
• Cons: Requires a deep understanding of local laws, regulations, and specific documentation requirements. The process can be time-consuming, involve numerous visits to government offices, and navigating complex paperwork. Errors can lead to significant delays and additional costs. This option is best suited for individuals with prior experience in UAE business setup or those with significant time to dedicate to the process.
• Consideration: While direct interaction is available, the complexity often still necessitates professional guidance for international entrepreneurs. This path is suitable for those who prioritize maximum control and cost savings over convenience and efficiency.

Business Hubs and Incubators

Many business hubs and incubators in the UAE offer support for startups, including guidance on legal setup and administrative processes.

• Pros: Provide a supportive ecosystem, networking opportunities, and often mentorship. Some may offer shared office spaces and administrative support as part of their package.
• Cons: Their primary focus might be on fostering innovation or specific industries rather than comprehensive business setup services. They may not handle all aspects of the process, such as visa applications or bank account opening.
• Consideration: Ideal for startups seeking community and mentorship alongside basic administrative support. Not a direct substitute for a full-service business setup provider.

Self-Management with caution

For those with significant time, resources, and a strong understanding of UAE corporate law, setting up a business independently is technically possible.

• Pros: Maximum control over every step and potentially the lowest direct cost.
• Consideration: Unless you are a legal expert in UAE corporate law, with a deep understanding of the intricacies of mainland vs. free zone structures, licensing, visa processes, and bank account opening requirements, this path is fraught with peril. The website itself strongly advises against this, stating, “Don’t let your business setup in Dubai be a trial-and-error process.”

When evaluating alternatives, it’s essential to weigh the convenience and expertise offered by full-service providers like Virtuzone against the potential cost savings and increased effort required for self-management or piecemeal solutions. Billionairebeauties.com Reviews

For businesses looking for a streamlined, compliant, and efficient setup, a reputable, comprehensive service is often the most prudent choice, ensuring the foundation of your venture is built on solid, permissible ground.

How to Cancel Vz.ae Subscription or Service Engagement

While Vz.ae primarily offers one-off business setup services, continuous engagements such as ongoing PRO services, accounting, or compliance services would typically be structured as renewable contracts or subscriptions.

The process for canceling or discontinuing these services would generally follow standard contractual agreements.

Review Your Service Agreement

The first and most crucial step is to locate and thoroughly review the service agreement or contract you signed with Virtuzone. This document will outline the specific terms and conditions for cancellation, including:

• Notice Period: Most professional service agreements require a notice period e.g., 30, 60, or 90 days before cancellation can take effect.
• Cancellation Fees: Check for any early termination fees or penalties.
• Refund Policy: Understand if any prorated refunds are applicable for services paid in advance but not yet rendered.
• Transfer of Services: The agreement should detail how documents, licenses, and other administrative responsibilities will be transferred back to you or to another service provider upon cancellation.

Direct Communication with Virtuzone

Once you understand the terms, initiate formal communication with Virtuzone. Lsd.co.uk Reviews

1. Contact Your Dedicated Account Manager: If you have a specific account manager or client relationship manager, reach out to them first. They can guide you through the process and clarify any terms.
2. Submit a Formal Written Request: Always submit your cancellation request in writing email is usually sufficient, but a formal letter with a read receipt if possible, adds an extra layer of security. Clearly state your intention to cancel and the effective date of cancellation. Reference your client ID or company name.
3. Request Confirmation: Ask for a written confirmation of your cancellation, including the effective date and any outstanding obligations.

Handling Data and Document Transfer

Upon cancellation, ensure a smooth handover of all relevant documents and data.

• License and Permit Documents: Confirm that all original or attested copies of your business license, permits, and registration documents are returned to you.
• Financial Records: If Virtuzone handled your accounting and payroll, ensure you receive all financial records, ledgers, and payroll data.
• Visa Files: If they managed visa processes, obtain all employee visa files and immigration documentation.
• UBO Filings and Compliance Records: Secure copies of all compliance-related filings and records.

Timelines and Potential Challenges

• Be Proactive: Start the cancellation process well in advance of your desired termination date, especially if a notice period is required.
• Outstanding Payments: Ensure all outstanding invoices are settled to avoid any disputes or delays in the cancellation process.
• Transition Period: Plan for a transition period where you might need to engage a new service provider or take over administrative tasks yourself. This ensures continuity for your business operations.

By following these steps, you can navigate the cancellation process with Virtuzone efficiently and ensure a smooth transition for your business operations in the UAE.

Vz.ae Pricing: Understanding the Investment

Based on the Vz.ae website, specific, fixed pricing tiers are not explicitly listed upfront for all services, which is common in the business setup consultancy sector due to the highly customized nature of their offerings. However, they provide a powerful tool to help prospective clients understand the investment: the Cost Calculator.

The Virtuzone Cost Calculator

This interactive tool is a key feature on their homepage, designed to provide a personalized estimate.

• Customized Quotation: The calculator asks for essential information such as:
  • Business Activity: Different activities require different licenses and approvals, impacting costs. For example, a general trading license might have a different fee structure than a professional services license.
  • Jurisdiction: Whether you choose a Free Zone or Mainland setup significantly affects pricing due to varying government fees, ownership structures, and office requirements. Free zones often have their own specific fee schedules.
  • Number of Visas/Shareholders: The number of visas required for owners, employees, dependents is a major cost driver, as each visa involves government fees, medical tests, and Emirates ID processing. More shareholders might also entail additional administrative costs.
• Transparency and Initial Insight: While it doesn’t provide a final, locked-in price, it offers a crucial preliminary understanding of the potential investment, allowing entrepreneurs to budget more effectively and compare options before engaging directly. This transparency is a valuable feature, as many consultancies keep pricing opaque until a direct consultation.

Factors Influencing Pricing

The final cost for business setup in the UAE with a service like Virtuzone depends on a multitude of variables: Kybotech.co.uk Reviews

• License Type: Commercial, Professional, or Industrial licenses have different fee structures. Some specialized activities may require additional approvals and associated costs.
• Office Space: While many free zones offer “flexi-desk” options for initial setup, opting for a physical office space will significantly increase costs. Virtuzone also facilitates virtual offices, which are a more cost-efficient alternative.
• Visa Requirements: Beyond the initial setup, consider costs for visa renewals, dependent visas, and any PRO services for ongoing visa management.
• Government Fees: These are non-negotiable and vary based on jurisdiction, license type, and the number of visas. Virtuzone bundles these into their service packages.
• Value-Added Services: Opting for additional services like corporate tax advisory, VAT compliance, accounting, payroll, or legal services will naturally add to the overall cost. These are often offered as separate packages or retainer agreements.
• Urgency: While not explicitly mentioned, expedited services if available often come with a premium.

Getting an Accurate Quote

To get a precise understanding of the pricing for your specific business needs, the website clearly directs users to:

• Use the Cost Calculator: This is the immediate first step for an estimated figure.
• Speak to an Expert: For a detailed, tailored quotation, Virtuzone encourages direct consultation with their company formation specialists. This allows them to understand your exact requirements and provide an accurate breakdown of all associated costs.

In essence, while Vz.ae doesn’t publish a simple price list, their approach via the cost calculator and direct consultation provides a practical and transparent way for entrepreneurs to understand the financial commitment required for business setup in the UAE.

This allows for informed decision-making, aligning with principles of clarity in financial dealings.

Vz.ae vs. Direct Setup: Weighing Your Options

When considering business setup in Dubai, a common dilemma arises: should you engage a professional service like Virtuzone Vz.ae or attempt to navigate the process independently? The Vz.ae website itself dedicates a section to addressing this, underscoring the complexities involved.

The answer largely hinges on your resources, familiarity with UAE regulations, and tolerance for administrative burdens. Faro-airport-taxis.com Reviews

Vz.ae: The Guided Path

Vz.ae positions itself as the “partner of choice” for entrepreneurs due to its streamlined, expert-led process.

• Time-Saving: Their primary value proposition is saving you time. They handle the “mountain of paperwork” and “liaising with the relevant authorities,” which can be incredibly time-consuming. For entrepreneurs whose time is better spent on core business strategy and operations, this is a significant advantage.
• Expert Navigation: With over 80,000 successful setups, Vz.ae’s team possesses deep knowledge of the intricacies of UAE laws, regulations, and specific requirements across various jurisdictions and business activities. They guide you to the “right license and business activity” and help avoid common pitfalls and costly mistakes.
• Network and Relationships: Their established relationships with government departments, banks, and other agencies can expedite processes and resolve issues more efficiently than an individual might.
• Comprehensive Support: Beyond initial setup, they offer ongoing corporate services tax, accounting, legal, PRO, visas, providing a single point of contact for many administrative needs.
• Reduced Stress: The complexity of setting up a business in a foreign country can be overwhelming. Vz.ae aims to remove these headaches, allowing entrepreneurs to focus on their vision.

Direct Setup: The DIY Approach

Attempting to set up a business independently in the UAE is technically possible but comes with significant challenges.

• Cost Savings Potential: The immediate allure is the potential to save on consultancy fees. However, this often comes at a hidden cost.
• Time Consumption: As highlighted by Vz.ae, “Liaising with the relevant authorities and government departments alone takes time and travel miles. Lots of both.” This includes numerous visits to various governmental bodies, potentially long waiting times, and repetitive follow-ups.
• Complexity and Paperwork: “Starting a Dubai company involves tonnes of paperwork. Think forms, applications, banking and legal requirements – and that is just the start.” Navigating these forms, ensuring accuracy, and understanding specific attestation requirements can be daunting.
• Risk of Errors and Delays: Minor errors in documentation or missing crucial approvals can lead to significant delays, rejections, and even financial penalties. The learning curve is steep, and there’s no room for “trial-and-error.”
• Lack of Insider Knowledge: Without a deep understanding of the nuances between free zones and mainland, the latest regulatory updates, or the most efficient pathways, entrepreneurs might make suboptimal choices regarding jurisdiction or license type that impact long-term operations and costs.
• Bank Account Challenges: Opening a corporate bank account for international entrepreneurs can be “a little arduous,” requiring careful consideration and specific documentation. Without expert guidance, this step alone can become a major hurdle.

The Verdict

For most entrepreneurs, especially those new to the UAE market, engaging a reputable service like Virtuzone is a prudent investment.

The time saved, the assurance of compliance, the expert guidance, and the access to established networks often far outweigh the direct cost of their services.

As Vz.ae wisely puts it, “You might save money – but at what cost? What is your time worth? Are you outstanding with detail? Can you afford to hit pause on your business plans to fill out forms or attend more meetings?” Premierpettravel.com Reviews

For established businesses or individuals with specific legal and administrative expertise in the UAE, a partial DIY approach might be feasible for certain aspects, but even then, expert consultation for critical decisions like legal structure or complex M&A is often beneficial.

The goal, ultimately, is to establish a compliant, efficient, and successful business, and for many, Vz.ae offers a reliable pathway to achieve that without unnecessary complications.

Business Setup in Dubai: Key Considerations As Highlighted by Vz.ae

The Vz.ae website offers invaluable insights into the critical decisions and processes involved in establishing a business in Dubai.

Their content emphasizes that while the process can be straightforward with expert help, understanding the core considerations is vital for any entrepreneur.

Free Zone vs. Mainland Setup

This is perhaps the most fundamental decision and significantly impacts a business’s operational scope, ownership, and tax implications. Britishgaslite.co.uk Reviews

• Free Zones:
  • 100% Foreign Ownership: This is a major draw for international investors.
  • 0% Corporate and Income Tax: A highly attractive incentive.
  • No Custom Duties: Beneficial for import/export businesses.
  • Repatriation of Capital and Profits: Full ability to send funds back to the home country.
  • Limitations: Business activities are typically limited to within the free zone or internationally. Direct trading with the UAE mainland often requires a local distributor.
  • Examples: JAFZA logistics, DWTC business district, RAKEZ cost-effective, wide range, DUQE unique cruise ship environment, Creative City media/creative. Each free zone caters to specific industries and offers unique benefits.
• Mainland:
  • Unlimited Business Activities: Can operate anywhere inside and outside the UAE.
  • No Limit on Number of Visas: More flexibility for staffing.
  • Direct Access to UAE Market: Ideal for businesses targeting the local Dubai mainland consumer base.
  • Ownership: Historically required a local sponsor with 51% ownership for LLCs, though recent changes in the Commercial Companies Law allow 100% foreign ownership in many sectors, with some strategic exclusions.
  • Local Service Agent LSA: For certain professional licenses or foreign branches, an LSA UAE national is required for administrative dealings, but they don’t hold ownership.

Understanding Business Licenses

The type of license you obtain dictates the activities your business is permitted to undertake.

The Department of Economic Development DED governs these licenses.

• Commercial License: For businesses engaged in trading activities retail, transportation, general trading.
• Professional License: For individuals offering expertise or services consultancies, accounting firms, architectural firms. 100% foreign ownership is allowed for civil companies under this license.
• Industrial License: For businesses focusing on manufacturing or industrial activities.
• E-Trader License: A simpler, affordable option for freelancers and small-scale online businesses, highlighting Dubai’s embrace of the digital economy.

Legal Structures Available

Choosing the right legal structure is crucial for defining liability, ownership, and operational framework.

• Limited Liability Company LLC: Popular for small businesses, offering limited liability to members and flexibility in trading across the UAE and GCC.
• Sole Proprietorship: Owned and operated by a single individual, simple but with unlimited liability.
• Civil Companies: Professional companies, often with 100% foreign ownership for specific professions.
• Private/Public Shareholding Companies: More complex structures for larger enterprises.
• Branch & Representative Offices: Extensions of foreign companies, with specific restrictions on profit-making for representative offices.
• Free Zone Companies: Specific legal structures within free zones, often with 100% foreign ownership and tax exemptions.
• Offshore Companies: Incorporated in the UAE but operate outside, used for tax planning and asset protection.

Key Steps in the Setup Process

Virtuzone outlines a systematic approach to company formation:

1. Prepare Documentation: Gathering necessary papers, especially daunting for overseas entrepreneurs.
2. Business License Application: Choosing the correct license and navigating approval processes.
3. Visa Process: Obtaining employment and residence visas for owners and staff.
4. Bank Account Opening: Setting up corporate bank accounts, a critical step for international entrepreneurs.
5. Operational Setup: Once administrative tasks are complete, beginning core business operations.

This depth of information serves as a valuable resource for anyone contemplating a business venture in Dubai. Royaldesign.co.uk Reviews

Why Invest in Dubai? An Economic Overview from Vz.ae

The Vz.ae website makes a compelling case for why Dubai remains a prime destination for investment and business setup, echoing sentiments shared by global economic observers.

Their arguments are rooted in the city’s strategic vision, economic resilience, and robust infrastructure.

Strategic Location and Market Access

Dubai’s geographical position is a significant asset, making it a gateway to vast consumer markets.

• Global Hub: Strategically placed with easy access to 1.5 billion consumers in Africa, West Asia, Eastern Europe, and the Middle East. This makes it an ideal launchpad for businesses with regional or international aspirations.
• World-Class Transport Links: Exceptional air and sea connectivity facilitate trade and logistics. Proximity to major ports like Jebel Ali and Al Maktoum International Airport underscores its logistical prowess, benefiting import/export and manufacturing businesses.

Favorable Economic Environment

Dubai’s economic policies are deliberately designed to attract and support business growth.

• Government Promotion: The UAE government actively promotes businesses as part of its long-term economic stability plan, offering incentives and ensuring a conducive environment through entities like the DED.
• Tax-Friendly Environment: The long-standing absence of corporate and income taxes with the recent introduction of a 9% corporate tax, still highly competitive globally and no foreign exchange controls make it financially attractive.
• Competitive Costs: Competitive labor and financing costs contribute to a favorable operational environment.
• High Ranking in Ease of Doing Business: The UAE’s consistent high placement 16th globally in the World Bank’s Ease of Doing Business Index speaks volumes about its streamlined procedures and robust legal frameworks.

Robust Infrastructure and Talent Pool

Beyond policies, Dubai offers tangible assets that support business operations. Vilno.co Reviews

• Highly Educated Talent: A large pool of skilled and educated talent, attracted by the high standard of living and safety measures, ensures businesses have access to qualified human capital.
• Digital Transformation: Dubai is undergoing a “massive digital transformation,” with digital initiatives supporting startups and SMEs and encouraging investment. The government’s aggressive AI strategy is a testament to this forward-thinking approach.

Visionary Initiatives and Future Growth

Dubai is not resting on its laurels.

It’s actively shaping its future, creating new opportunities.

• Doubling the Economy: Dubai aims to double its economy by 2033, signaling aggressive growth targets that translate into opportunities for businesses.
• Future Free Zones: Initiatives like “Future Free Zones” are revolutionizing global business by fostering entrepreneurship and innovation.
• Specialized Visas: Programs like the Dubai Gaming Visa and UAE Blue Visa demonstrate a commitment to attracting specific talent and fostering emerging industries.
• Metaverse Strategy: An ambitious plan to create over 40,000 virtual jobs by 2030, positioning the UAE at the forefront of the global digital economy.

In summary, Vz.ae effectively communicates that investing in Dubai is not just about a tax-friendly environment.

It’s about plugging into a dynamic, strategically located, and future-oriented economy backed by a supportive government and world-class infrastructure.

This holistic approach makes Dubai an alluring destination for entrepreneurs and investors seeking growth and stability, aligning with the principles of seeking lawful and beneficial earnings. Hannun.com Reviews

Frequently Asked Questions

What is Vz.ae?

Vz.ae, also known as Virtuzone, is a leading professional service provider specializing in business setup in Dubai and across the UAE, offering end-to-end corporate services for entrepreneurs and businesses.

What services does Vz.ae offer?

Vz.ae offers a comprehensive suite of services including company formation, corporate tax and VAT compliance, bank account opening, accounting and payroll, compliance services, Golden Visa and PRO services, and legal advisory.

How long has Vz.ae been in business?

Virtuzone has been assisting businesses with company formation in Dubai since 2009.

How many businesses has Vz.ae helped set up?

Virtuzone claims to have helped over 80,000 business owners and founders with their business setup in Dubai.

Does Vz.ae offer a cost calculator for business setup?

Yes, Vz.ae features an online “Cost Calculator” tool on their website to provide estimated costs for business setup based on your activity, jurisdiction, and visa requirements. Thinborne.com Reviews

What are the main types of business licenses available in Dubai?

According to Vz.ae, the main types are Commercial for trading, Professional for services, and Industrial for manufacturing.

What is the difference between a free zone and mainland setup in Dubai?

A free zone setup typically offers 100% foreign ownership, 0% corporate tax, and full repatriation of capital, but operations are usually limited to within the free zone or international markets.

A mainland setup allows for direct access to the UAE local market and a wider range of business activities, with recent changes allowing 100% foreign ownership in many sectors.

Can foreigners have 100% ownership of their business in Dubai?

Yes, foreigners can have 100% ownership in many free zones and, following recent changes in the UAE’s Commercial Companies Law, also in many sectors within the mainland, with some strategic exceptions.

Does Vz.ae help with opening corporate bank accounts in the UAE?

Yes, Vz.ae assists clients in easily opening business or personal bank accounts with trusted banks in the UAE. Skiltex.dk Reviews

Does Vz.ae provide support for UAE Golden Visas?

Yes, Vz.ae offers services to help individuals obtain a UAE Golden Visa for long-term residency through a seamless application process.

What is the process for obtaining employment visas and residence visas for staff in Dubai?

Vz.ae explains that the process involves applying for an entry permit, medical check-up, applying for an Emirates ID, and then applying for the residence visa.

Does Vz.ae offer accounting and payroll services?

Yes, Vz.ae’s accountants manage finances, providing bookkeeping, reconciliation, payroll, and audit support.

What are PRO Services, and does Vz.ae provide them?

PRO Services involve delegating administrative tasks like visa processing, government liaison, and document clearing. Yes, Vz.ae has a PRO team for this.

Are there any restrictions on foreign company branches in Dubai?

Yes, branch companies are extensions of a foreign business and can trade independently. Wattmortgage.co.uk Reviews

However, representative offices a type of branch can only promote and source work for the parent company and are not allowed to make a profit in the UAE.

Do I need a physical office to start a business in Dubai?

For Mainland companies, a physical office is generally required.

For free zone companies, many offer flexible “flexi-desk” or virtual office options, as highlighted by Vz.ae.

What are the legal structures available for business setup in Dubai?

Vz.ae details several, including Limited Liability Companies LLC, Sole Proprietorships, Civil Companies, Private/Public Shareholding Companies, Branch & Representative Offices, Free Zone Companies, and Offshore Companies.

Does Vz.ae offer legal services?

Yes, Vz.ae’s legal team advises on UAE laws regarding M&As, corporate restructuring, financing, and dispute resolution. Absolutehometextiles.co.uk Reviews

How does license renewal work in Dubai?

Vz.ae explains that it involves ensuring a valid tenancy contract, completing a renewal form, submitting necessary documents, and paying renewal fees to the DED.

Why is Dubai considered a good place to invest, according to Vz.ae?

Dubai is promoted for its strategic location, tax-friendly environment, competitive labor costs, no foreign exchange controls, world-class transport links, high standard of living, and government support for businesses.

How does Virtuzone streamline the business setup process?

Virtuzone streamlines the process by handling complex documentation, liaising with authorities, guiding clients through legal and licensing requirements, and leveraging their extensive networks to ensure a smooth, efficient, and compliant setup.